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Search Results 0 to 49 of about 117 (some duplicates have been removed)
a lot more. we'll talk to douglas holtz-eakin on the budget deficit. he will give us some insight and analysis how it all works into the election next hour. friday trading session still underway. we'll see you in the next hour. keep it here on fox business. [ le announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of llars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all
taxes, you have the deficit being dealt with in an insane way, at least being dealt with, i'm not so sure the markets are going to implode-- >> you don't think, you think the markets will whistle past this. >> at least they're going to say something is going on. at least they're doing something. >> and anyway, right. >> it's going to hurt the economy long-term no doubt. >> the it's the federal reserve behind the market. >> what about the notion that maybe if there were stronger leadership from the white house we wouldn't have to take such a ham-fisted approach. in other words, how come there can't be an elegant solution, i can't get my way, you can't get your way, let's just destroy it all. >> interestingly enough goes back to obamacare, i think it has to do with the incredit mri high-handed autocratic way that mr. obama shoved through obamacare and they're saying we're not going to cooperate at all. i think had there been a spirit of cooperation coming out of the white house with obamacare, all of this would not have happened. >> if i may-- >> adam. >> i think that's sort of of sill
the government deficit topped $1 trillion once again. the treasury says the deficit was roughly 7% of gdp and, larry, the nobel peace prize goes to the eu. the nobel committee gave the prize to the european union acknowledging the 27 blocks advancement and a peace and reconciliation and i know a lot of people think this is ridiculous, but when you think about the history there and the fact that these countries 100 years ago and what they're doing is hard, maybe it's a reminder. >> they should have given them to them 70 years ago and this is the wrong time and i'll talk about that with my pal jimmy pathkuke as. >> my only personal view is it's a ridiculous thing so i've asked cnbc contributor jim pathkukas to come back. at this moment in time with the growth of welfare states and socialism and bankruptcy and bailouts i wouldn't give the european union an award of any kind. what this k this nobel peace prize people be possibly thinking? >> given what you just said and the fact, the eu could still break apart and maybe this is like a parting gift when people are on a game show and given a partin
various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are principles which form the bases of what i would do with our tax proposal. what i want to do is to make it simpler, fairer. i want to encourage the economy to grow again. it's pretty clear that the economy is not growing at t
questions about his negotiations with the republicans on the financial and debt and deficit issues. and he was tuned in. he answered, he gave his side. he gave his defense. the obama -- the other night in this debate -- it was almost like there were two channels going in his mind, one on the debate and answering in the way he did, which just didn't fit together. and then when he was looking down, it's almost like something else was deeply worrying him. now, i don't know that. the point is, you know, why would he be so out of it in clearly one of the most important political moments of his life? >> sean: it is a really good question. i think -- i think he was shocked because mitt romney looked him dead in the eye, was very deep in the facts. i mean, it was just the opposites of john mccain, in the mccain debate, obama was looking mccain in the eye and mccain looking down or out at the crowd. very different in terms of the body language. on substance, romney was very knowledgeable, across the board, every question and was willing to take the president on. i don't think he is used to that? >>
and that that, we can do that on a basis which won't increase the deficit. that was their position as i said for 99% -- >> but still his position -- >> hold on, joe, and you cannot do that as a mathematical matter without raising the tax burden on the middle class, it's not possible and all this debate about my studies and your studies is not possible, as bill clinton said at the democratic convention it's arithmetic. >> can we taxle the deficit without affecting the middle class? >> if i were vice president biden i'd put that back on the table and push it because it's too late to change your position 30 or 40 days before the election in a campaign that's gone, you know, for a year and a half. it's too late especially on an issue which you've been talking about every single day for those 18 months. it's too late. i'd take the view you can't change your position on something like that 30 days before the election, you can't change your position on repealing every fapset of obama ca facet of obama care or every facet of dodd-frank. we have a debate tonight, so to say nevermind, that doesn't wor
this year, we would still have a $300 billion deficit. you see, there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class, the tax bill is coming to you. that's why we're saying we need tax reform. let's look at it this way. 8 out of 10 businesses, they file their taxes as individuals, not corporations. where i come from overseas, which is lake superior, the canadians, they drop their tax rates to 15%. the average tax rate on businesses in the industrialized world is 25% and the president wants the effective top tax rate to go above 40%. 2/3 of our jobs come from small businesses. this one tax would actually fax about 53% of small business income. it's expected to cost us 710,000 jobs. and it doesn't even pay for 10% of the proposed deficit spending increases. we're saying close loopholes primarily to the higher income people. we have three bottom lines. don't raise the deficit. don't raise taxes on the middle class.
it. >> bill: no, we haven't balanced the debt! are you kidding me! we have a $1 trillion deficit! >> holding steady. >> bill: said a -- >> we had a surplus under clinton. >> bill: no, no, no, no. the debt wasn't xed out. you're mixing up the deficit with the debt. no, no, no, you're missing the deficit with the debt is yearly spending. the debt is cumulative. the debt wasn't wiped out. >> 1.7 trail in bush tax cuts, yes? that was -- >> bill: i'm not gog defend bush or the republican party. i'm going to tell you one thing, the highest tax revenues in the history of this nation occurred in 2007. the government got more money from we, the people, than any other time in history under the bush tax, the rich tax cuts. >> bill: after an hour at the podium, the two moved to more comfortable quarters. >> how is it that two personalities such as yourselves who are almost polar opposites politically, share a willingness to come together when congress can't? what advice would you give congress? [ applause ] [ laughter ] >> bill: what would you like for christmas, little boy? [ laughter ] get
the deficit in half, close gitmo, people said that was unrealistic, but didn't say he wasn't telling the truth. there's a difference, isn't there? >> no. closing gitmo involved an act of congress, and he wasn't able to get congress to agree with him on that question. this is basic math. >> greta: joining us our political panel, abc news senior washington editor rick klein, casey huntington, and byron york. rick, first you. i thought it was executive order to close gitmo, just needed congress to place the people. am i right? >> they realized it was going to be harder than they wanted. the distinction he's making is in terms of campaign pledgrs oche it's a stretch, obviously -- >> a stretch! it's name calling. >> there is a lots of that going on. one thing i am struck by, you have seen a shift from the obama campaign, in terps of how they are trying to discuss mitt romney. for a long time, they tried to describe him as a conservative extremist, not a flip-flopper not as a liar. we have seen that change. there has been a major strategic shift to try to paint him as someone you can't trust, rather
bernanke either, larry. >> this assumes interest rates are going to go up as deficit goes up as opposed to the fact the dollar is a currency of last resort and has kept rates chronically low. i know we've gone way far from big bird, but we probably should have anyway. >> and way over time, but it's okay. it was a good discussion. thank you both for joining us. >> thanks. >> thanks so much, everybody. we have about 40 minutes left in the program and before the closing bell sounds. we have a market down about 100 points. chb >> by the way, have you seen apple shares lower? is this stock? trouble? we're going to look at the charts on that. >> then after the bell, alcoa kicking off the earnings season tonight. chairman and ceo klaus kleinfeld breaks down the numbers with us. join me for that interview. >>> welcome back. it's been quick, the move on apple. apple shares falling into correction territory today, briefly down 10% from the highs this year. they didn't stay there long. bertha coombs has the details. over to you. >> it's been watching the technical on apple here over the last it fe
'60s, we were running budget surpluses. even in the early '80s, the budget deficit was a lot smaller. that's the key reason i'd be concerned. i think tax reform is a good idea. doug is right. we need to have tax reform, but we need tax reform that raises enough revenue to lower tax rates and also goes to reducing future budget deficit because if we don't get the deficits down, lower tax rates aren't going help us. >> and doug, do you think it's fair to say, romney ryan have been saying they think a 3% growth is reasonable. do you think it is? because for in of this math to work out and this whole argument everybody's having about whether they can cut taxes and close enough loopholes, they are counting on economic growth on being part of making up that difference. will it? >> you can't say for sure because good tax policy does t matter. t not the only thing going on out there and you would have to have a displn palestinianed, economic policy. we have a serious threat to the economy from existed and projected debt. it is different from the era of reagan in that debt is not being driv
, everybody come i am neil cavuto. we just found out today that we have another trillion dollar deficit the fourth year running. it could've been worse. we also found out that the federal government bailout program in the wake of the 2008 financial crisiswas $24 billion. alas, that is down from $32 billion. by my count on both counts, we are still down for the count. crazy me. i want a lot of answers to all of these loony financial questions. how will we avoid this looming train looming train wreck? what we do to ease ourselves back from this financial cliff? not a word on any of this from the vice president or the guy that wants to be vice president. no mention of the great unmentionable and what could single-handedly trigger another recession. that is why tomorrow we want answers. allow me to break from all things convention and all things hot air and focus on something that is pathetic. washington's ongoing difference to a calamity. it could cost millions of jobs and high taxes on millions of poor families. the issue isn't whether or not i think this is a big deal, my friends. it is
tax for the rich and promise to balance the deficit and raise tracks taxes on the middle class. there is no way to do it. but i will talk about big bird and seem like i am the fiscally responsible person. >> sean: david, you are next, i promise. >> ohhhh. >> sean: for the polls, brand-new numbers, incredible story to show you. time for the obama campaign to cue the desperation card. we will have more with juan and david limbaugh, as we unveil the latest poll numbers. what happens when you try to put words in paul ryan's mouth. we have the amazing video of the v.p. hopeful, calling out a reporter over his left-wing agenda. we'll check in with dana, stewart and bob woodward and a lot more on this tuesday edition of "hannity." [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. marie callender's gives you a way to make any day a special occasion. new mini cream pies for one. real
's record budget deficit. but for president reagan's former budget director david stockman, raising taxes on the rich isn't nearly enough to cure what ails the u.s. economy. in october 2010, stockman told lesley stahl that all tax cuts implemented by president george w. bush should be eliminated, even those on the middle class, and that his own republican party has gone too far with its anti-tax religion. >> tax cutting is a religion. what do you mean by that? >> well, it's become, in the sense, an absolute-- something that can't be questioned, something that's gospel, something that's sort of embedded in the catechism. and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the republican par
of nearly 25% the government is hoping larger reduction in spending will reduce the nation's deficits >> turkey has fired into syria for a fourth straight day it. is in response to a syrian mortar that landed near a village on wednesday killing five civilians. there were no immediate reports today of casualties >> your live illinois lottery drawing is next... break week 5 of the nfl.. lexus long drive... plus prep pick 3... 8 4 9 pick 4... hist2 2 8 3 5 lucky day lotto... 6 7 32 23 27 break [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. great weather for the marathon ... >> temperatures were in the low 40's when it started... we have colder temperatures coming in tonight. time lapse cameras... only a few clubsouds... we're under a very cool flow. the high today was 51 degree
revenue it produced were sufficient to drive down the federal budget deficit for 2005 through 2007. this despite massive war spending. as for deregulation, president obama himself said former president bush put more regulations in place than he has at the same time frame. it is true that there is one bit of deregulation regularly blamed by the liberal economists for helping create the speculative bubble that led to financial crisis and the great recession. that is the lifting of the barrier before commercial banks. it was lifted i. >> bret: if that is the case, how does president obama change dynamic debate number two? >> it's interesting to see whether romney is ready with with an answer to charge. so far, romney camp has not answered it. maybe they were reluctant to defend president bush saying he may not be popular. i think how this issue stands and how well the talking point works. it has worked to some extent with the obama team is whether he is ready to have a response to it. >> bret: insult to fatal injury in new york. media does it again. grapevine is next. ♪ [ male annou
problems. they've got some deficits they need to overcome. i want to go over a couple other numbers. it's all about the honesty and the truthfulness and then the consistency. let's start with the honest and truthful aspect. there you have obama leading romney 44-39 when it comes to just how honest and truthful you think these candidates are. then when it comes to consistency, which the obama campaign has been hammering away on what they perceive as flip-flops, 47-37. that is what some people, hogan, my dear friend, former intern, which i always like to disclose, is a trust deficit. is it? >> well, so much of american politics is based on do i know you, do i trust you and do i like you. those are some damaging numbers for governor romney for sure. but look, the fact of the matter is he crushed president obama in that debate and these numbers reflecting what a lot of people saw and that was a center rowtype that had been lined out about romney that he was some cold, heartless business man. he turned that on its ear. conversely, one of the stereotypes out for president obama is he's a grea
. we are in the same place this year that we were last year. you know, these deficits are struggling. lou: you are campaigning for governor romney in ohio. he will continue to do so. in ohio, when they have a 7.2% unemployment rate -- they are enjoying a far better recovery from the recession that nearly all of the country. what is the most persuasive message that you can take to the voters they are? >> well, i think in the state of utah, we are in spite of what washington is doing. but it's not going to be too long. we are all going to bear the burdens that the president has put on us. we will feel the pain the president has put on us. we are doing well in spite of barack obama, nothing thinking is what happenedn ohio. what we need to do is we need to get people on their feet and ready to go, get them fired up. it is obvious that during the debate, barack obama has no idea how to get the economy going. mitt romney definitely knows the country this country needs to take the one thank you for joining us, mia love. critics may have panned a new liam neeson movie. a break and $50 millio
blankfein, the man at helm of goldman sachs. a man on the deficit reduction committee and voted against simpson-bowles will tell us why he didn't like it and what he wants to hear in tonight's vp debate. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your
a credible plan to reduce our budget deficit, that's delivering very low interest rates for us in the markets at the moment. so that is the proof that there's international confidence in our plan. >> gilt yields are slightly lower. we're waiting for spain of course to ask for a bailout. spanish yields are lower. and if they stay in those sort of levels, spain will ride their luck for as long as they can. back to you. >> i was with you on that, ross. your audio guy was sleeping there for a second. we were going to step in and help you, but that was -- it was the eads, that's very unsettling what's happening with the eads. very unsettling. i'm anxious about how that finally plays out. >> no delay. >> just flew right over ross. >> flew right over ross. we may eventually have really quick flights again. did you see this guy who is going to jump out of balloon? he'll break the sound barrier. but as you're falling, since there's no -- what keeps you at terminal velocity is the air. if there's no air, they think he'll he break the speed of sound. >> why is he doing this? >> because he can. >> yeah,
beyond the level the pentagon asked for which would explode the deficit. and he wouldn't commit to the 2014 timetable to bring our troops home from afghanistan. and so i think time and time again the vice president laid out the choice for the middle class in this election and was very effective in doing so. jon: time and time again the vice president interrupted, interjected, laughed, guf fawed, that kind of thing. was that appropriate first of all? was it intentional? >> well, republicans like to praise happy warriors. that is what we saw from the vice president last night. he caught out the brazen attempt by the romney-ryan campaign to try to rewrite their kick the -- ticket and their positions in the final 30 days of the race. suddenly they don't know anything about the $5 trillion tax cut for the wealthiest they proposed. suddenly they talk like they cover people with preexisting conditions under their health care plan. we know if you're between jobs or between plans you wouldn't be covered under their plan. the vice president is authentic. what you see is what you get. he d
the debate the other night was the deficit. the scrocketting deficit under president obama. remember, that the total federal deficit under president obama is still at $5.2 trillion. >> that's the debt that has been added, i think. the deficit right now it was also went down yesterday. the debt. and the deficit is now 1.1 trillion. that was also came out yesterday morning. >> another barometer people always look at, too. is food stamps. 2009 what did we have 33.5 million, right? and then in 2010, 40.3. last year 44.7. and look at this year already. 46.8 million. that's as of july. >> big jump. >> yeah, so are companies hiring? that could be the good sign that companies are hiring. you want to have some good news, right? and it's hard because you are seeing manufacturing though for the second straight month also slipping. that's a sign of the strengthening economy as well which is getting the economy moving. >> but for people who don't pay attention. you know, you look at that number 7.8. things are turning around. >> are your pants ringing? >> is that my -- it is my phone. hold on a s
policy speech with no specifics, just big promises, and the same thing on the deficit and taxes. i'm going to get rid of the deficit, give you tax breaks, without talking about anything specific except, of course, big bird. >> yeah. and what -- it's important to note, you are a master of parody and comedy, the form as it were. sesame workshop has responded to big bird ad. >> official response. >> this qualifies as breaking news. >> i always knew snuff love gus was a republican but -- >> how dare you claim not to be liberals with all your brainwashing. i know how to count because of sesame street because they brainwash. >> let's not denigrate the importance of sesame street to early childhood education and the role it plans. to john's point, this is kind of -- we have serious issues at hand. >> exactly. >> and the chock is ticking. >> feel like i want to bring in mr. rogers and talk about my feel approximationp we should be talking about education and infrastructure, it is a tiny number but representative of something larger. >> two things to say about this ad, only one good thing,
on big bird. going after what has been the biggest driver of our debt and deficit over the last decade. public television. pbs. >> these are tough times with big issues so scrooch your head talking about big bird. >> bret: my tw two-and-a-half-year-old is excited about. this i don't know how many people are that big bird is in the news. he is. all over the news. the big news today perhaps the polls, gasolineup will poll today is now likely voters. they transitioned from registered voters to likely voters. that is a difference. we talk about it before. romney two-point lead. margin of error is tied. first time in a year, real clear politic average, he has the lead in the average of recent polls. what about this? the panel, jonah goldberg, from national review online. kirsten powers for daily beast. syndicated columnist charles krauthammer. charles, today's developments and well, big bird. >> democrats are actually running an ad showing big bird and contracting it with the bad guys on wall street. >> let's just play it. might as well. >> i'm just a prop here. >> bret: right. you're teein
to be fair, one only needs to say that. >> tough choices, to reduce the deficit. and we need revenue in order to get that done. and we're going to have to ask millionaires and billionaires to do their fair share in order to get that done. but he refuses to saddle seniors and the middle class with that entire burden. >> but you're defining middle class in this press release -- as people earning between 100 and $200,000 a year. >> well, that's not where we established the baseline. the president has said that if you make $250,000 or less, that your taxes shouldn't go up. that's where we've set the bar. >> all right. well, we will leave it there. thank you very much, ben labolt, appreciate your taking the time. i would like to get that little sharpie version of your press release. >>> all right. well, you may think we're obsessing over a number, this $5 trillion versus $1 trillion. but the reason we're doing it, we don't think it's just a number. it goes to the heart of whether president obama stays in the white house. and that is because of what ben labolt was saying. that number is about wheth
. >> bret: more on this with the panel. thank you. federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what does it show? [ male ann] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model yea
is mocking romney on the deficit on wall street. watch this. >> bernie madoff, criminals, and the evil genius who towered over them. one man has the guts to speak his name. >> redbird. >> big yellow a menace to our economy. romney knows it is not wall street you have to worry about, it is big bird. mitt romney, taking on our enemies no matter where they nest. lori: is this what the presidential debate should really be focused on? lou dobbs is here. lou: where should we start. melissa: i will sit back. go ahead. lou: the sesame workshop has decided they have had a belly full of being in this presidential campaign. they have asked that the campaigns cease and assist. they are a nonpartisan outfit. it really became onerous when not only the president was using big bird, but then romney to point out there have been eight mentions of big bird by president obama and five mentions of elmo and count along the mentions of libya. zero. the plant to fix the economy, zero. big bird overtaking. talk about a big bird and a small issue. it is as you say on becoming. it is disastrous for the president. he lo
is he's talking about tax cuts and deficit reduction at the same time. and the pew poll that came out earlier this week, wolf, said six in ten voters believe that romney is promising more than he can deliver. one reason bill clinton's speech was so popular at the democratic convention was he said the arithmetic doesn't add up. so you can push is this just rhetoric during a campaign, or is this real? if you want to close tax loopholes, okay, fine. what loopholes would you close? he's got to answer that. and so far hasn't done it. >> his argument is i don't want to put all that out right now. because if he's president, he's going to have to negotiate all those issues with democrats. and why put your own position out right now. >> sure. >> i don't know if his argument's going to necessarily hold. that's another matter. a lot of folks have seen romney over these past couple weeks at the debate, in the interview with me, moving more towards the center. do you see that? >> i did. i saw that particularly in your interview when he talked about the wealthy and how his tax plan would affect the
at the same time they're lecturing people about the deficit. we need to deal with the deficit and the folks at the very top should go back to paying the same rate they did during the clinton administration. when we had 20 million jobs created and the economy was doing great. so i thought this was a great night in exposing the really clear choice for the american people. you've got one guy who comes from scranton, pennsylvania. he's a fighter for the middle class. his policies back him up. you have another ticket that discovered the expression middle class in the last six months on the campaign trail. that was really clear. >> congressman chris van hollen of maryland. thank you very much for joining us tonight, sir. we know you're busy and a lot yet do. good luck winding down from being paul ryan, sir. i will say what you just saw there from congressman chris van hollen if you contrast that with us talking to david plouffe last week after the presidential debate and see the sort of democratic buoyancy out of this, what everybody said going into this was the democrats were looking for somethi
Search Results 0 to 49 of about 117 (some duplicates have been removed)

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